BITDEPOSITARY

iamadebolaji (9)in #bitdepositary • 6 years ago (edited)

Bitdepositary is a secure Q-Ratio Market ICO funding community with integrated payment solutions. Its will make ICO more secure and enable users to make investments in projects quicker and easier than before. Each token sales runs through our system. Therefore, we reduce the risk of token theft with certain security measures when configuring privileged user accounts. This removes any possibility of impersonation and overrides that may happen in our marketplace.

Inside the Bitdepositary space you will find TeamBit. This “organisation” (not in the traditional sense) consists of a team of experts, community leaders, accountants, and legal advisors who serve the Bitdepositary investor community. Think of them as a council. The actions taken by TeamBit offer more protection against scams, token theft, and wrong investment decisions. All for the aim of bringing forth a marketplace that presents you with profitable and sustainable ICO projects.

PROBLEMS

There is no doubt that terribly executed ICOs are still lingering in the market. Perhaps not all of them are scam, however a significant amount of them fail to deliver the initial solutions or promises made to the crypto investors community. Not only that, but the majority of ICOs in the blockchain space focus on Communications (20.5%, in quantum of > $2,008,000,000), Finance (15.5%, over $1,512,000,000), and Trading & Investing (10.0%, over $976,000,000) in the first 5 months of 2018, according to CoinSchedule. While other industries receive little to no funding. To add more, 434 startups raised $9.8 Billion through initial coin offerings in the same timeframe. How many are delivering up to the expectations? That is a lot of crypto capital invested without knowing if it is indeed the right investment.

Preventing Token Theft: The cryptocurrency world is a huge gold rush, therefore has triggered the rise of wallet hackers on unsecured ICO platforms. Not only that, but breaches and cyber security attacks happen on a regular basis.
Identifying Scams: Even the most promising ICOs can be scams. A recent study, based on publicly available sources and information, claims that nearly 80 percent of ICOs are either scams or have failed to deliver based on investors’ expectations.
Spotting Wrong decisions: There is no dependable criteria for assessment of plausible ICO investments, so we deem it fit to create a space that helps you eliminate bad investment decisions.

SOLUTIONS BY BITDEPOSITARY

Bitdepositary plans on offering startups in these lesser “funded” industries a chance & get their idea reviewed by TeamBit, experts, and the investors community itself. All while protecting the community and making sure their funds are invested in the right projects. When we think of ICOs emerging in the blockchain space, our role becomes one of evaluating the crypto world for the most useful, relevant, and profitable ICO investments, in areas relevant to us, to our users and investors likewise by our partner lawyers, tax consultants, and specialists to ensure proper regulation.

Solution against token theft: Each token sales runs through our system. Therefore, we reduce the risk of token theft with certain security measures when configuring privileged user accounts. This removes any possibility of impersonation and overrides that may happen in our marketplace.
Protection guarantee against scam: Bitdepositary is able to ward off scams with the verification process that consists of lawyers, tax consultants, specialists, users*, and community users**, all joining forces before project acceptance. Every project leader has to verify himself and his team before using the platform (KYC protocols for teams).
Prevention of wrong decision making process: What you read, watch, and believe in will impact not just your profits, but also the pulse of your everyday life. Therefore, we help users with little experience make better investment decisions with our open voting system for plausible and secure ICOs.

Thank you for reading.

To know more about this project, you can visit: